Nov 2, 2012 11:00am EDT
the auto industry, and significant auto manufacturing base taking credit for the survival of gm and chrysler. >> i understand governor romney has time in ohio because he was against it in the auto industry and hard to run away from that position when you're on videotape saying the words let detroit go bankrupt. dennis: geometrics or went bankrupt a merge with help in federal financing. governor romney's plan would government providing guarantees for post-bank of the financing. meanwhile in wisconsin governor romney hit his campaign closing argument. >> he is so sure of that he has one big plan for the next four years. he wants to take all the ideas from the first term, the stimulus, the borrowing, obamacare, all the rest and do it all over again. that idea can be boiled down to four words, more of the same. dennis: president obama spends all day in the buckeye state. back to you. cheryl: more breaking news continuing into fox business. fema now arriving in staten island. let's go back to the latest there. cheryl: this is national guard distributing supplies to people who need party,
Oct 31, 2012 1:00pm EDT
not moving big. the market is not getting hurt equitiwise. gm and ford coming out with great stuff. >> what does that tell you that the equity markets are kind of hanging in there? >> i think it probably argues it is not as difficult a negative as many feared. it probably suggests the economy is doing better than we might understand. >> what is the trade then today as everybody returns and things look pretty good. commodities are showing up across the board. oil getting a boost. gold getting a boost. everything is up? >> we hoped for a few hundred points down on the open to take ad advantage of it. we like to buy things cheaper. a lot of people are disappointed which can't get good deals. you have to use red ink as beneficiary. >> we love color from the traders on the floor. we see action return to the floor of the cme group in chicago today. the big news will be jobs report. adp on thursday but jobs report on friday. what would you say folks are expected or anticipating? >> i think views are pretty negative. surprise upside we could be a little more positive than we think. >> ther
Oct 31, 2012 11:00am EDT
stocks now and every 15 minutes. back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pricing a
Nov 1, 2012 1:00pm EDT
highlights that you would pick out the gm in this last month? >> we're pretty positive this month. ashley: the sales are up .4%. the estimate was up 3.5%. they have the ford fusion coming out, the chevy still coming out. it could be a point in which not all the vehicles are out yet, but along those lines, things will be better and we know down the road whether there really is a problem or not. ashley: speaking with forbes management team. the ceo at lease through 2014, but it appears that the head of ford america says things are looking good three a lot of people are saying the same. certainly over the past few two years, it has put a big wall in the turnaround because there are much different companies than there were just a few years ago. if things go well, it could be anybody. i think obviously, it is a big choice of this moment in time. ashley: i wanted to talk more about hurricane sandy. on the flipside of this, yes, it hurt sales for the last three days of this month. but one insurance claim paid up those flooded vehicles, and they could see a boost in parcells as a result.